Bank Nifty Future Chart Levels for 29July2022

Dear traders, I have identified Bank Nifty level based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2.

Today, I am posting Bank Nifty Futures Charts instead of Bank Nifty Index Chart. Bank Nifty OI data is also quite strong for next week expiry. I will be looking for buying on dips opportunity only. At present, Risk:Reward ratio is not in favour of Bulls. I will be working with strict stoploss, trailing SL as we are working at higher end of relief rally.